Compound Interest

Compound Interest

Assessment

Flashcard

Mathematics

11th - 12th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

$12,000 principal earning 4.8% compounded annually after 7 years.

Back

$16,661.35

2.

FLASHCARD QUESTION

Front

$5000 deposit earning 1.5% compounded quarterly after 3 years

Back

$5,229.70

3.

FLASHCARD QUESTION

Front

$13,500 deposit earning 3.3% compounded monthly after 1 year

Back

$13, 952.30

4.

FLASHCARD QUESTION

Front

$3400 principal earning 3.6% compounded annually after 2 years

Back

$3,649.21

5.

FLASHCARD QUESTION

Front

Your 6 year investment of $40,000 at 14% compounded quarterly is worth how much now?

Back

$91,333.14

6.

FLASHCARD QUESTION

Front

Your $54,200 2 year car loan is at 15.1% compounded annually. What will you have paid for your car after 2 years?

Back

$71,804.21

7.

FLASHCARD QUESTION

Front

An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. How much interest is earned?

Back

$7,457.95

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